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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cambridge Mins. | LSE:CMR | London | Ordinary Share | GB0001826303 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.34 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration 4 September 2008 Cambridge Mineral Resources plc ('CMR' or 'the Company') AGM Statement Cambridge Mineral Resources plc, the AIM listed mining exploration and production company primarily targeting precious metals in South America, will hold its Annual General Meeting today and Colin Andrew, Managing Director, will make the following statement: "Cambridge Mineral Resources has continued to make progress in its strategy of advancing and adding value to its portfolio of mineral projects and becoming a producer of precious metals. In particular, the drive towards precious metal production of 100,000 ozs gold per annum in South America has been advanced and we expect to commence production at our first gold mine in Colombia our Quintana project in Colombia later in 2008. "Despite considerable turbulence and difficulties in the financial markets, we succeeded in financing Quintana, and also obtained a conditional finance facility for the development of two further gold mines in that country. The Board sees that the Company remains well positioned to capitalise on the strong metal prices that the global markets have experienced over the past year, and that its projects offer considerable value to our shareholders. "I would also like to thank all shareholders for their continued support during this exciting period in their Company's development, and also to my colleagues and advisers whose hard work has helped position the Company to join the ranks of junior gold and silver producers in the next few months." At the meeting, Colin Andrew will also present an update on progress made at the Company's Quintana project in Columbia. This will include a number of slides showing the construction of the mine and other activities, and will be available on the Company's website shortly. ** ENDS ** For further information, visit www.cambmin.co.uk or contact: Colin Andrew Cambridge Mineral Resources plc +44 (0) 20 7663 5618 Managing Director candrew@iol.ie Michael Burton Cambridge Mineral Resources plc +44 (0) 20 7663 5618 Finance Director mburton@cambmin.co.uk Gavin Burnell / Ruegg & Co Limited +44 (0) 20 7584 3663 Roxane Marffy Colin Rowbury Religare Hichens, Harrison Plc +44 (0) 20 7382 7771 Tom Beattie Haywood Securities (UK) Limited +44 (0) 20 7031 8018 Victoria Thomas St Brides Media & Finance Ltd +44 (0) 20 7236 1177 Notes to Editor Cambridge Mineral Resources plc is an AIM listed mining and exploration company focussed on becoming a producer of precious metals with an output equivalent to 100,000 oz gold per annum. Primarily targeting precious metals in South America, its strategy is to acquire established resources at advanced stage exploration or near term production and develop them to economically mineable reserves through further exploration. It has a strong portfolio of mineral projects at varying stages of commercialisation including its two key projects, the Quintana gold mine in Colombia, which is anticipated to commence production by the end of 2008, and the Rasuhuilca silver-gold mine in Peru. The Company also has a portfolio of assets in Europe, which it is currently in the process of seeking to divest through either joint-venture or sale. Cambridge Mineral Resources Plc
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